Obama and the newly elected Chinese president Xi Jinping are preparing for an unusual two-day summit at a 200-acre estate in Rancho Mirage, California.

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>>>the president begins a crucial two-day summit in
california
today with china's new leader. it comes in the wake of new information uncovered by
nbc
news about how
president obama
's campaign was actually targeted by chinese hackers.
nbc
's
white house
correspondent
kristen
welker is in
san jose
with more on that.
kristen
, good morning to you.

>> reporter: matt, good morning to you. that's right, cyber attacks will be just one of the thorny issues on the table when
president obama
meets with president
li li
xinping for the next two days. the asia-
pacific region
it seems new economic opportunities but this isn't your typical summit. hoping to foster a better relationship with china,
president obama
will host the country's new president
li li
xinping at the sunnyland estate in
rancho mirage
,
california
. this summit is aimed at fostering an open-ended and wide-ranging dialogue.

>>this is an important opportunity for the two leaders to get a better sense of each other.

>> reporter: they will also address contentious issues including
north korea
and
cyber security
. u.s. officials say government-backed chinese hackers have stolen billions in intellectual property and now
nbc
's ikele isikoff reports the
2000
obama mccains were traced back to hackers by china.

>>they were against the two
american political parties
.

>> reporter: chinese officials consistently deny any role. another issue the first lady of china, a former
pop star
known for her
fashion sense
, will be in attendance today. but
michelle obama
will not.
foreign policy
experts say some in china might see it as a snub, while in the u.s. it sepds a different message.

>>she's first and foremost the mother of her two young children who are in their last week of school.

>> reporter: white house
officials say they were always open with chinese officials that the first lady was not planning to attend this summit. as for
president obama
he has been
fund raising
in the
bay area
, he will make comments about his
health care law
, part of his pr push to sell his
health care law
before headed to
rancho mirage
for the important summit. matt?